The reverse pattern “pin bar” has formed on the H4 timeframe with a false breach of the support level. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The breach of the 16.4103 level will cause the 123 ascendant pattern to form.
Trading idea:
Buy when level 16.4103 …
News of the day, Thursday, June 9
European stock markets are expected to decrease today ahead of the European Central Bank meeting, which is supposed to disclose the schedule of soon interest rate hikes in the EU. The DAX futures in Germany decreased by 0.7%, CAC 40 futures in France …
News of the day, Wednesday, June 8
Oil prices increased about 1% yesterday, with WTI crude above at a 13-week high, as supply concerns worsen: no nuclear deal with Iran and low U.S. oil stocks.
U.S. stocks rallied yesterday with Apple Inc up 1.8%, despite the EU decision to change …
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